Outcome of meeting of the Board of Directors of the Company held on 12th May, 2016

The Company has informed BSE that the Board of Directors of the Company at its meeting held on 12th May, 2016, inter alia, has transacted the following:

a) Approved unaudited financial results of the Company for the first quarter ended 31st March, 2016; and

b) Declared interim dividend for 2016 of Rs. 12.00/- per equity shares of Rs. 10/- each to be paid on and from 31st May, 2016.